Number crunching: June 2013

By Treena Shapiro

Published: 2013.07.09 06:00 AM

Oahu's housing market continued to heat up in June, according to the latest statistics from the Honolulu Board of Realtors.

The numbers released Monday show that both single-family and condo resale were significantly higher last month than in June 2012. At 308, single-family home resales were 10.4 percent higher than the previous June. Condos saw an even bigger jump — the 392 resales represent a 14.6 increase over the prior year.

Homes were selling at higher prices, too, another indicator that it's still a sellers' market. The median single-family home price was $677,250, up 9.2 percent over June 2012. Condos were selling at $330,000, up 11.1 percent from June 2012's median price of $297,000.

On top of that, homes are also selling swiftly, averaging 20 days on the market.

"June was another strong month for sales, with double-digit increases for both single-family homes and condominiums," said HBR President Kevin Miyama. "Additionally, the median sales price for single-family homes is the highest it's been since the market's peak at $685,000 in June 2007. We're now only 1.1 percent below peak price."

More information is available at the Honolulu Board of Realtors website, HiCentral.com.

(Note: The statistics reflect only resale of existing properties, not new home sales.)

About Our Writers

Honolulu Real Estate focuses on the Hawai‘i housing market, condos and homes for sale, Hawai‘i rentals and general news about real estate in Hawai‘i. It also includes stories on apartment living, home decor and profiles.

Melissa Chang graduated from the University of Hawai‘i with a degree in journalism. She has been blogging about food and travel since 2007. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.

Jaymes Song is a real estate agent at Better Homes and Gardens Real Estate in Kāhala. Jaymes is in the top 2 percent of Better Homes agents nationwide. He was voted “Best in Real Estate 2014” by HONOLULU Magazine readers. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawai‘i and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job as a dad to two curious kids.